Gold futures on the Multi Commodity Exchange (MCX) surged by ₹3,698, or 2.7%, over the past week, reaching a record high of ₹1,43,590 per 10 grams on Wednesday. The rally comes amid growing expectations of US Federal Reserve policy easing and rising safe-haven demand.Silver also witnessed a sharp rally, jumping…
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Gold, Silver Rates Today: Dollar Strength Hits Prices
Gold and silver prices fell in both domestic and international markets on Friday after the US dollar hit a six-week high, following unexpectedly strong US weekly jobless claims. Spot gold dropped 0.29% to $4,602.43 per ounce, while spot silver declined 0.8% to $91.6861 per ounce. Meanwhile, MCX gold touched ₹1,43,483…
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Gold Prices Rebound Above $3,980 Amid Safe-Haven Demand
Gold prices recovered on Friday, bouncing back from earlier losses as investors sought the precious metal for its safe-haven appeal. Spot gold rose 0.3% to $3,987.65 per ounce, while December futures climbed 0.7% to $4,003.30/oz by 07:59 ET (11:59 GMT). The yellow metal remains on track for its eighth consecutive…